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20121201
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, cbs 5. >> thank you. >>> this afternoon, president obama will meet with congressional leaders in the latest effort to find a way out of a budget impasse. but as cbs reporter tara mergener tells us, it's not even clear if there's enough time to get a bill through congress before january 1. >>> reporter: the "fiscal cliff" is still a few days away. but business owners don carlino says he is already feeling the impact. >> a lot of our customers are holding back. they are apprehensive. they are not committing to projects. they're not --you know, they are waiting to see what's going to happen with the "fiscal cliff." >> reporter: and hope is fading that congress can get a deal done before tax hikes and spending cuts kick in january 1. >> i am not optimistic. >> reporter: even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new
news reporter erica ferrari joins us live from newtown with more on president obama's appearance at a public memorial and it was obviously, a very emotional sad day as he spoke yesterday. >> reporter: behind closed doors, the president told connecticut's governor that friday was the single most difficult day of his presidency. >> reporter: charlotte, daniel, olivia... >> reporter: the tears flowed freely as the people of newtown, connecticut remembered those gunned down at sandy hook elementary school. >> we gather here in memory of 20 beautiful children and six remarkable adults. >> reporter: president obama said he brought with him the love and prayers of the nation. >> i am very mindful that mere words cannot match the depths of your sorrow nor can they heal your wounded hearts. >> reporter: the next painful step in the grieving process begins today when the first two funerals will be held here in newtown. >> they were innocent babies and that's what makes it almost incomprehensible. >> reporter: police believe the carnage could have been much worse. they say 20-year-old adam
sought. >>> president obama will cut his hawaiian vacation short today and return to washington to take part in "fiscal cliff" negotiations. >>> holiday sales grew at a weak pace this year. the weakest in four years. mastercard advisors spending pulse reports that sales in the two months before christmas increased .7% over last year. a lot of analysts expected sales to be up 3 or 4%. but wait, there is more. when i worked in retail when i was in college, christmas was busy enough. but the day after christmas? it was unbelievable! cbs 5 reporter cate caugiran is in san leandro where after- christmas shopping has already started. >> reporter: yes, brian. it started at 5:00 this morning at the bay fair center in san leandro. according to a consumer reports poll about 1 in 7 adults will return a christmas gift so that's part of it. for the other part i'm joined live now with keith mchugh with the shopping center here braving the rain with us, as well. thank you so much for joining us. >> my pleasure. >> reporter: what brings shoppers out here the day after christmas? it's the holiday, you t
preliminary approval to the ban. they plan to do so today. >> reporter: president obama is keeping a close eye on a week lon strike at two southern california ports. 800 members at the port of los angeles and long beach have been working without a contract for two years. the clerks don't handle cargo but dock workers are refusing to cross picket lines forcing a shutdown of those terminals. the strike is costing the u.s. up to $1 billion a day and it could delay shipments of holiday gift merchandise. >>> president obama will host a group of governors today to talk about the upcoming "fiscal cliff." this is after they rejected a count proposal from congressional republicans. that plan promises to trim $2.2 trillion over 10 years and includes $900 billion in entitlement cuts, two-thirds of that from healthcare. it also offers $800 billion in new tax revenues but only if the money comes from tax reform and not from raising rates on the wealthy. and that's where the stalemate is stuck. >>> rates have to rise and republicans need to acknowledge that. that's the only way to get from here to there. >>
outside kabul. this is home of his -- video of his home in colorado. president obama and defense secretary leon panetta are praising the operation and the service member who was killed for their efforts. >>> protesters continue to demonstrate outside the presidential palace in cairo. opponents are calling for a boycott of the constitutional referendum scheduled for saturday. they say the new constitution was pushed through without input from any group other than the islamists. >>> former south african president nelson mandela is in the hospital this morning. those around him are giving few details about the condition. a statement over the weekend revealed that the 94-year-old antiappar tide hero had been admitted to the hospital. he became south africa's first black president. >>> children who are deprived of oxygen in the woman are more likely to develop attention deficit disorder. a new study says children of these women have a 16% higher risk of eventually being diagnosed with add. >>> it's 6:21 right now, a must win game for the 49ers, could collin kaepernick rebound against the miami
the between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000. while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure we deal with the deficit in a serious way. but the way they're behaving is that their only provide or the is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now. but republicans don't want to see new revenues -- in other words, democrat tax increases -- being used for new spending. >> reporter: the president has said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the middle class. >> there should be an up-or- down vote. everybody have should a right to vote on that. if republicans don't like it, they can vote no. but i actually t
as aircraft. >>> president barack obama will meet privately today with u.n. ambassador susan rice. rice has withdrawn her name from consideration to be the next secretary of state. ambassador rice had come under fire from some republicans on capitol hill over her comments following the deadly attack in benghazi, libya back in september. >> i withdrew my name because it's right for the country and the president. >> her interest is in serving me but more importantly serving the country and she has done an outstanding job. >> with rice no longer being considered, massachusetts senator john kerry is the most likely nominee for secretary of state. >>> it's 6:19 right now. kaepernicking now replacing tebowing. but what does it all mean? >> i like it. i'll tell you that much. plus a sticky situation, how two nfl players got stuck together. is there an engineer in the house? >> some cold weather around the bay area. cold in the high country if you want to go out and enjoy a new snow up there. it is looking like more snow for the weekend. heavenly with as much as 48 inches on the ground. northstar
and spending cuts tick in january 1st. meanwhile president obama paid a visit to a northern virginia family who would suffer financially if a deal isn't reached. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the cost involved in very personal terms. >> still the white house says the across the board spending cuts and tax hikes will takes effect if republicans refuse to raise taxes on the wealthiest americans. meanwhile a new survey shows the president's approval rating is at the highest point since the raid that killed osama bin laden. in addition, 42% believe the nation is heading in the right direction. >>> 6:10, a tycoon wanted for murder, how john mcafee ended up in the hospital. >>> a van plows into a jewelry store, narrowly missing the customer, what the driver says caused her to lose control. >> last going on, i had a former student give birth in the car. >> how about that, a lesson they never expected how teachers stepped in to deliver a baby in a school parking lot. we got that story and much
that to happen, it will be the most colossal consequential act of irresponsibility. >> reporter: president obama says he'll cut his vacation short to hammer out a deal with congress. the deadline now a week away. i'm andrew spencer reporting. >>> if congress face to reach the agreement income tax rates will go up on just about everyone on new year's day. unemployment benefits will expire for many as well. you may not feel the pinch right away. already too late for employers to accurately who would income taxes from those january paychecks. the social security payroll taxes are set to increase on january the 1st. you will see an immediate cut in your take-home pay. >>> the senator from idaho is apologizing for being arrested over the weekend. senator michael crepo was charged with driving under the influence. he was pulled over early yesterday froms agoryia, virginia outside of washington. the senator says he is he is deeply sorry and will deal with the consequences. >>> charges could be filed as soon as today against a driver accused of striking several pedestrians in san francisco. one of the v
obama has made a counter-offer to try and avert the "fiscal cliff." he met with house speaker john boehner at the white house yesterday. the president reportedly offered to curtail future cost of living increases for recipients of social security and softened his demand for higher taxes at upper income levels. boehner wants an earnings threshold of a million dollars for higher rates. if no deal is reached in the next two weeks, billions in tax hikes and spending cuts will go into effect. >>> millions of credit card customers should soon receive refunds from american express, capital one and discover. the three companies owe $435 million in refunds to nearly 6 million customers the result of a government crackdown on deceptive credit card practices. refunds range from $3 to $300 showing up on monthly statement. >>> a southern california man is doing his part to help the people of newtown. he footed the bill for 100 cups of coffee from the town's general store. he is a 911 operator in the northridge area. after making his donation, he we had to the store's number so others started do
to 135 miles per hour. >>> president obama is back in washington this morning hoping to pull the country away from the "fiscal cliff." he took the red eye from hawaii overnight. senators are set to work today on a plan to avoid the so- called "fiscal cliff." but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is gettingismy for an agreement. its employees are writing "col together" on coffee cups in d.c. to try to encourage compromise. >>> hawaii's lieutenant governor brian shots will replace the late democratic senator daniel inouye who died of respiratory complications last week. on the day he died he wrote to the governor asking for a female representative to replace him. she made it to the final round of consideration but did not win the nomination. >>> and former president george h.w. bush is in intensive car
to benefit programs like medicare. democratic leaders have already rejected that idea. president obama had been firm about higher taxes for everyone making a quarter million dollars or more. but now, he appears willing to raise that cutoff point to $400,000. >>> other bay area hid every headlines, berkeley councilmembers took up the "no drone" zone issue last night. drones are unmanned aircraft used beat government to watch over u.s. ports and international borders. critics say the drones are an invasion of privacy. the matter will be revisited next year. >>> people in san jose will finally get fluoride in their drinking water. yesterday the santa clara valley water district approved a plan to fund the project aimed at improving dental health. it will take about two years to get the system operating. >>> 20 minutes after 6:00. they are red-hot. the warriors played the hornets in oakland last night. >> plus unruffled. how a pidgeon crashed the raiders game on sunday. >> and pack your chains if you are heading out of town towards the sierra. snow is likely. looks like saturday and sunday. go
in president obama. he wants new laws to try to prevent another tragedy like the one at sandy hook elementary school. >> the fact that we can't prevent every act of violence doesn't mean we can't steadily reduce the violence. >> reporter: as head of the president's task force, vice president biden will look into banning assault weapons, but gun advocates say that's not necessary. >> there are lots of things we can do to make sure that only the right people have firearms. >> reporter: there will be at least nine more funerals or viewings today. on wednesday, each of the victims was remembered in his or her own special way. ♪ [ music ] >> reporter: paul simon sang at the funeral for 27-year-old teacher victoria soto. she died trying to protect her first grade students. >> she gave her life for those kids. it breaks my heart. >> reporter: 7-year-old daniel barden wanted to be a firefighter when he grew up. so firemen from across the region said good-bye to him as though he were one of their own. caroline previdi liked to draw and dance. charlotte bacon loved animals. and principal dawn hochspr
, december 5th, 2012. welcome to "cbs this morning." president obama comes out swinging over the fiscal cliff fight saying republicans are out of balance. >>> this year's flu virus is causing major problems.
. a phone call between president obama and house speaker john boehner may be a positive sign in all of this "fiscal cliff" drama, they spoke yesterday raising hopes that formal talks will resume on how to to avoid across-the-board spending cuts and tax increases. we have been saying this for weeks. they will kick in if a budget agreement is not reached by year's end. >>> a number of state lawmakers had their cars fixed and you paid for it. lawmakers lost the perk of a free car about a year ago at least 37 of them deciding to buy the cars. that was an option. they have been using them when the state sold them. first they had all the cars repaired and maintained at state expense. $78,000 worth of work. >> as a taxpayer, you know, it's my money going to it so it's frustrating. >> doesn't sound fair. we work really hard for our money. >> we do. but a source in the legislature says the work was worth it. the state got more money when it sold the cars that were not bought by the lawmakers but had the repairs done. they got more money for those cars. so i guess it evens out. >>> same-sex m
but stalemate in washington continues, the white house demanding tax hikes on the top 2%. president obama lowered the amount from 1.6 to $1.4 trillion. that's not good enough for the republicans holding out for cuts to programs like social security. congressional leaders warn lawmakers not to make holiday travel plans. they will work to the last minute. >>> it's been a busy morning for all things business. >> certainly. he has plenty of new numbers from washington and some new maps from apple and this would be jason brooks with kcbs and cbsmoneywatch.com. good morning. >> good morning. >> reporter: and we have some decent news on the economy but that's largely being overshadowed by the "fiscal cliff" talks. a lot of worries on wall street if an agreement can't be reached by the end of the year. but as far as of the economy goes, decent news especially on the job market. the labor department reporting that first time unemployment claims fell by 29,000 to 343,000 the lowest level in two months and the second lowest level of the year. it suggests hiring is outpacing firing. the four-week ave
christmas. how president obama put a stop to thousands trying to travel. coming your way. >> the next time you trim a tree it may not be a real one. what's leaving christmas tree farmers struggling to provide. we'll have that story coming up. ,,,,,,,,,,,,,,,,,,,,,,,, ♪ >>> it's a holiday without this song right? >> yeah. >> it's a song though you don't want stuck in your head especially over the holidays but here we go. hundreds of santas showed up in shanghai for a "gangnam style" christmas. they showed off the horse riding skills from the viral dance. the korean rapper of course psy has one billion views for that song on youtube and made a lot of money too and yesterday cnn ranked him the eighth most intriguing figure in the world. you have to hand it to a guy with one song and he's make, millions. >> it's kind of like the mac rina. but i wonder how long the song is going to stay hot? >> the play-by-play for the giants to do it during the giants' parade. >> lawrence does it during the commercial breaks. >> but not well. >>> all right in other news, one of the president's last acts befo
Search Results 0 to 16 of about 17